Marriott International enters licensing deal with Sonder [Yahoo! Finance]
Sonder Holdings Inc. - Class A (SOND)
Company Research
Source: Yahoo! Finance
This partnership is set to introduce a further more than 9,000 rooms to Marriott's portfolio by the end of the year and an additional 1,500 rooms to its pipeline. The newly added properties will operate under the "Sonder by Marriott Bonvoy" collection. In 2024, the net room growth for Marriott International is projected at 6%-6.5%. The Sonder pipeline rooms are expected to join Marriott's system in the coming years. This agreement stipulates that Marriott will get a royalty fee depending on a percentage of Sonder's gross room revenues. Established in 2014, Sonder operates apartment-style accommodations and boutique hotels, situated in urban markets across North America, Europe, and the Middle East. The company's properties, which are designed to appeal to younger demographics, incorporate a digital-first operating model. Marriott International M&A, business development and real estate global officer Tim Grisius said: “We are excited about the addition of Sonder's portfo
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SOND
News
- Travel and leisure stocks are outperforming after the Fed rate cut [Seeking Alpha]Seeking Alpha
- Weekly Recap: 12 Press Releases You Might Have Missed [Yahoo! Finance]Yahoo! Finance
- Marriott (MAR) Forms Alliance With Sonder to Expand Portfolio [Yahoo! Finance]Yahoo! Finance
- Sonder Holdings Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-QGlobeNewswire
- Sonder Reaches Marriott License Deal, Secures Additional Liquidity [Yahoo! Finance]Yahoo! Finance
SOND
Earnings
- 11/14/23 - Miss
SOND
Sec Filings
- 9/27/24 - Form 10-K
- 9/9/24 - Form DEF
- 8/28/24 - Form PRE
- SOND's page on the SEC website